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UAE cuts red tape to attract businesses as govt continues to diversify

This is the latest policy announcement as it seeks to further diversify economy away from oil revenues

Published 06 Jul, 2022 06:57pm

Markets

Mixed Middle East markets amid rising recession fears

DUBAI: The Saudi stock market extended losses for a third session on Tuesday amid mixed responses from Middle East...

Published 06 Jul, 2022 05:35am

Pakistan

Jones the Grocer: a conversation in Dubai that changed everything

Businessman Yunib Siddiqui went from having no experience in the food and beverage industry to becoming the man...

Updated 06 Jul, 2022 02:40pm

World

Indonesia, United Arab Emirates reach trade pact

JAKARTA: Indonesia and the United Arab Emirates on Friday signed a free trade agreement, strengthening economic ties...

Published 01 Jul, 2022 05:35pm

Markets

OPEC+ stays the course on oil output boost

VIENNA: Major oil producers led by Saudi Arabia and Russia stuck to a previously decided output boost on Thursday,...

Updated 30 Jun, 2022 06:32pm

Pakistan

UAE and Dubai’s popularity surges among Pakistanis seeking jobs

The number of Pakistanis that moved to the UAE for employment in 2022 (up to May) has risen by 128% when compared to...

Updated 30 Jun, 2022 09:52am

World

Modi visits UAE after row

DUBAI: Indian Prime Minister Narendra Modi arrived in the United Arab Emirates on Tuesday, just weeks after a top...

Published 29 Jun, 2022 05:44am

Markets

UAE close to OPEC+ oil output ceiling

DUBAI: The United Arab Emirates is close to its oil output ceiling under OPEC+ agreements, an official said, ahead ...

Published 29 Jun, 2022 05:44am

World

UAE national security adviser meets Qatar's emir in second visit

DOHA: The United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed al-Nayhan, a brother of the UAE...

Published 28 Jun, 2022 06:09pm

World

Macron tells Biden that UAE, Saudi can barely raise oil output

GARMISCH-PARTENKIRCHEN: Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase...

Published 28 Jun, 2022 03:11pm

Pakistan

Dubai wants to be the ultimate destination for education, and Pakistanis can benefit

Dubai’s abundance of international big-name universities offering high quality education, coupled with the UAE’s...

Updated 28 Jun, 2022 10:40am

Pakistan

UAE updating visa system to facilitate Pakistanis: envoy

KARACHI: The United Arab Emirates (UAE) was constantly updating and simplifying the visa system to facilitate...

Published 24 Jun, 2022 06:15am

World

Dubai urges use of smart apps to order Eid sacrifices

DUBAI: Veterinarians are called in to inspect the sheep at an abattoir ahead of one of Islam’s major holidays in...

Published 23 Jun, 2022 08:33pm

Business & Finance

UAE to build Red Sea port in Sudan in $6bn investment package

CAIRO: The United Arab Emirates will build a new Red Sea port in Sudan, as part of a $6 billion investment package,...

Published 21 Jun, 2022 05:51am

Business & Finance

UAE’s push to attract talent to get boost with new unemployment insurance

Last month, the UAE announced it will introduce a new mandatory unemployment insurance scheme effective January ...

Updated 20 Jun, 2022 10:53am

World

UAE seeks Iran assurance on ‘peacefulness’ of nuclear programme

ABU DHABI: The United Arab Emirates urged Iran on Friday to provide reassurances on the peaceful nature of its...

Published 18 Jun, 2022 06:00am

UAE suspends exports of Indian wheat for four months

DUBAI: The United Arab Emirates (UAE) has ordered a four-month suspension in exports and re-exports of wheat and...

Updated 16 Jun, 2022 09:45am

World

UAE urges Covid caution as cases double in a week

DUBAI: The United Arab Emirates warned Monday that people must follow its anti-Covid measures including wearing ...

Published 15 Jun, 2022 07:26am

Life & Style

Sportswear brand adidas collaborates with Pakistani eatery in Dubai

The adidas' 'Original Superstar' trainer has been redesigned to create the 'Superstar Ravi', reflecting white and green colors of the restaurant, also a nod to the Pakistani flag

Updated 14 Jun, 2022 10:06pm

World

UAE urges Covid caution as cases double in a week

DUBAI: The United Arab Emirates warned Monday that people must follow its anti-Covid measures including wearing...

Published 14 Jun, 2022 05:07pm

Markets

UAE aims to up 2022 federal spending by $335 million

DUBAI: The United Arab Emirates’ federal government aims to increase spending by 1.23 billion dirhams ($334.9...

Published 14 Jun, 2022 03:47pm

World

Israel’s Bennett holds talks in UAE after Iran snub, trade deal

ABU DHABI: Israel’s Prime Minister Naftali Bennett held talks with the leader of the United Arab Emirates on...

Published 10 Jun, 2022 06:16am

World

Graft-accused Gupta brothers face extradition to South Africa from UAE

JOHANNESBURG: Two Indian-born brothers who allegedly wove a web of corruption across South Africa have been arrested...

Published 08 Jun, 2022 07:39am

World

South Africa confirms arrest of two Gupta brothers in UAE

JOHANNESBURG: Two Indian-born business brothers who were allegedly at the centre of a massive web of state ...

Published 07 Jun, 2022 05:47am

India’s BJP-RSS combine faces ME furore

KUWAIT CITY: Anger in the Middle East spread Monday over comments made by an official of India’s ruling party about...

Updated 07 Jun, 2022 09:55am

Sports

Australia, UAE face off with World Cup dreams on the line

Australian dreams of a fifth straight World Cup appearance will be on the line on Tuesday when they go head-to-head...

Published 06 Jun, 2022 10:41am

UAE firm to screen passengers at Afghan airports

KABUL: The Taliban have tasked a UAE firm with the security screening of passengers and luggage at Afghan airports,...

Published 04 Jun, 2022 04:18am

Markets

South Korean companies to build $1bn green hydrogen plant in UAE

DUBAI: Three South Korean companies have signed an agreement to build a $1 billion green hydrogen and ammonia...

Published 03 Jun, 2022 06:09pm

World

UAE firm to screen passengers at Afghan airports

KABUL: The Taliban have tasked a United Arab Emirates firm with the security screening of passengers and luggage at...

Published 03 Jun, 2022 02:11pm

Business & Finance

Israel signs UAE free trade deal, its first in Arab world

DUBAI: Israel signed a free trade deal with the United Arab Emirates on Tuesday, its first with an Arab country,...

Published 01 Jun, 2022 05:53am

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jul 6 Tri-Star Power Limited(TSPL)	4.70 ▲ 1.00 (27.03%)
F.Credit & Inv / Jul 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▲ 1.00 (22.17%)
SME Leasing Ltd / Jul 6 SME Leasing Limited(SLL)	2.18 ▲ 0.33 (17.84%)
Kohinoor Power / Jul 6 Kohinoor Power Company Limited(KOHP)	4.36 ▲ 0.59 (15.65%)
S.G.Power / Jul 6 S.G. Power Limited(SGPL)	5.30 ▲ 0.67 (14.47%)
Dewan Sugar / Jul 6 Dewan Sugar Mills Limited(DWSM)	2.49 ▲ 0.24 (10.67%)
Unicap Modaraba / Jul 6 Unicap Modaraba(UCAPM)	1.75 ▲ 0.16 (10.06%)
Land Mark Spinning / Jul 6 Landmark Spinning Industries Limited(LMSM)	13.00 ▲ 1.00 (8.33%)
Balochistan Glass / Jul 6 Balochistan Glass Limited(BGL)	9.05 ▲ 0.66 (7.87%)
Mod.Al-Mali / Jul 6 Modaraba Al-Mali(MODAM)	6.90 ▲ 0.50 (7.81%)

Stock	Price
First Fidelity Leas. / Jul 6 First Fidelity Leasing Modaraba(FFLM)	2.51 ▲ -0.86 (-25.52%)
Tri-Star Mutual / Jul 6 Tri-Star Mutual Fund Limited(TSMF)	4.85 ▲ -1.00 (-17.09%)
Zephyr Textile / Jul 6 Zephyr Textiles Limited(ZTL)	10.00 ▲ -0.90 (-8.26%)
AKD Hospitality / Jul 6 AKD Hospitality Limited(AKDHL)	163.77 ▲ -13.27 (-7.50%)
K.S.B.Pumps / Jul 6 KSB Pumps Company Limited(KSBP)	130.74 ▲ -10.60 (-7.50%)
Punjab Oil / Jul 6 Punjab Oil Mills Limited(POML)	172.84 ▲ -14.01 (-7.50%)
TPL Insurance / Jul 6 TPL Insurance Limited(TPLI)	30.60 ▲ -2.47 (-7.47%)
Mehmood Tex / Jul 6 Mehmood Textile Mills Limited(MEHT)	840.00 ▲ -60.00 (-6.67%)
Reliance Weaving / Jul 6 Reliance Weaving Mills Limited(REWM)	63.50 ▲ -4.45 (-6.55%)
Bawany Air Products / Jul 6 Bawany Air Products Limited(BAPL)	8.85 ▲ -0.60 (-6.35%)

Stock	Volume
Agritech Limited / Jul 6 Agritech Limited(AGL)	25,038,000 ▼ 0.00
Unity Foods Ltd / Jul 6 Unity Foods Limited(UNITY)	5,378,891 ▼ 0.00
Azgard Nine / Jul 6 Azgard Nine Limited(ANL)	3,598,000 ▼ 0.00
Lotte Chemical / Jul 6 Lotte Chemical Pakistan Limited(LOTCHEM)	3,183,254 ▼ 0.00
Sui North Gas / Jul 6 Sui Northern Gas Pipelines Limited(SNGP)	2,727,149 ▼ 0.00
WorldCall Telecom / Jul 6 Worldcall Telecom Limited(WTL)	2,601,000 ▼ 0.00
Pak Refinery / Jul 6 Pakistan Refinery Limited(PRL)	2,597,652 ▼ 0.00
Fauji Cement / Jul 6 Fauji Cement Company Limited(FCCL)	2,144,000 ▼ 0.00
TPL Properties / Jul 6 TPL Properties Limited(TPLP)	1,949,194 ▼ 0.00
G3 Technologies / Jul 6 G3 Technologies Limited(GTECH)	1,916,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 5	206.90
USD PKR Interbank Buying / Jul 5	206.70
USD to Japanese Yen / Jul 5	135.24
USD to Swiss Franc / Jul 5	0.97
Pound Sterling to USD / Jul 5	1.20
Euro to USD / Jul 5	1.03
UK LIBOR % / Jul 5	1.57

Stock	Volume
S&P 500 / Jul 5	3831.39
India Sensex / Jul 5	53134.35
Tokyo Nikkei / Jul 5	26077.04
Nasdaq / Jul 5	11322.24
Hang Seng / Jul 5	21621.01
FTSE 100 / Jul 5	7025.47
Dow Jones / Jul 5	30967.82
Germany DAX 30 / Jul 5	12401.20
France CAC40 / Jul 5	5794.96

Item	Value
Crude Oil USD/Barrel / Jul 5	100.33
Karachi Cotton PKR/37.32 KG / Jul 5	16680.00
Gold 10 Grams PKR / Jul 5	118800.00
Gold Spot USD/Ounce / Jul 5	1770.30
Cotton US¢/pound / Jul 5	93.42

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